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The Change Described Above Should Be Classified as Square an Increase in the Demand for Fish a Decrease in the Quantity of Fish

Question

The change described above should be classified as square an increase in the demand for fish a decrease in the quantity of fish demanded an increase in the quantity of fish demanded a decrease in the demand for fish

Solution

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Miriam Elite ยท Tutor for 8 years

Answer

###an increase in the quantity of fish demanded

Explanation

##Step 1: Analyzing the Price Change and its Effect on Quantity Demanded###The problem states that the price of fish has decreased. According to the law of demand, a decrease in price leads to an increase in the quantity demanded. This change affects the quantity demanded, not the demand curve itself.##Step 2: Identifying the Correct Classification###The change is an increase in the quantity demanded, not a shift in the demand curve.#